What level of data utilization is your company at?
Posted: Tue Jan 21, 2025 3:52 am
Knowing your company's level of data utilization can help you improve smart decision making and other key aspects of your business.
Find out what level your company is at.
From disintegration to data exploitation
The reality of companies shows that data is still disconnected from people . This leads to analyses without reliable data and decisions that are not very strategic or profitable.
One of the most common scenarios is seeing companies that have a vast amount of data but do not have the knowledge and technological tools to support their intelligent use.
Fortunately, many organizations have understood the negative impact of this disintegration and have begun to realize the need for a new data-driven culture.
To build it, they must go through different levels and thus afghanistan phone number lead achieve full data utilization that allows them to become Data Driven companies. This implies resolving the fragmentation and complexity of three central points: technology, people and data.
People who are part of companies must be the starting point to begin working with data in an appropriate manner, and technology must be the solution to achieve maximum use of data .
Levels of data utilization
In the era of digital transformation and technological acceleration, understanding the business-data relationship is extremely important, because it denotes the level of data utilization .
What are the 5 levels of data utilization that companies are moving through?
Precarious level. Refers to organizations that are not yet aware of the data surrounding them: they do not store it, nor do they produce knowledge with it.
Legal compliance level . This refers to companies that produce and store information only to comply with current laws and regulations. They do not use it to improve business decisions, with instinct defining the scope of objectives and strategies.
Discovery level using visual data to understand the business . This is the moment when the company begins to observe processes internally to learn, although it continues to make decisions subjectively and isolated from the data.
Initial level of utilization. At this level, the company begins to make use of the data, identifying patterns or trends. In addition, the reduction of purely subjective decisions begins to take shape.
Advanced level of use . The most relevant level occurs when the company uses the data to establish predictions and reduce subjective business decisions, in order to make decisions based on accurate knowledge.
Find out what level your company is at.
From disintegration to data exploitation
The reality of companies shows that data is still disconnected from people . This leads to analyses without reliable data and decisions that are not very strategic or profitable.
One of the most common scenarios is seeing companies that have a vast amount of data but do not have the knowledge and technological tools to support their intelligent use.
Fortunately, many organizations have understood the negative impact of this disintegration and have begun to realize the need for a new data-driven culture.
To build it, they must go through different levels and thus afghanistan phone number lead achieve full data utilization that allows them to become Data Driven companies. This implies resolving the fragmentation and complexity of three central points: technology, people and data.
People who are part of companies must be the starting point to begin working with data in an appropriate manner, and technology must be the solution to achieve maximum use of data .
Levels of data utilization
In the era of digital transformation and technological acceleration, understanding the business-data relationship is extremely important, because it denotes the level of data utilization .
What are the 5 levels of data utilization that companies are moving through?
Precarious level. Refers to organizations that are not yet aware of the data surrounding them: they do not store it, nor do they produce knowledge with it.
Legal compliance level . This refers to companies that produce and store information only to comply with current laws and regulations. They do not use it to improve business decisions, with instinct defining the scope of objectives and strategies.
Discovery level using visual data to understand the business . This is the moment when the company begins to observe processes internally to learn, although it continues to make decisions subjectively and isolated from the data.
Initial level of utilization. At this level, the company begins to make use of the data, identifying patterns or trends. In addition, the reduction of purely subjective decisions begins to take shape.
Advanced level of use . The most relevant level occurs when the company uses the data to establish predictions and reduce subjective business decisions, in order to make decisions based on accurate knowledge.